Apple to Invest $3 Billion in Indonesia

Apple to Invest $3 Billion in Indonesia

Apple has confirmed a plan to invest $3 billion in Indonesia this year.

“This year, a number of companies have expressed interest in investing in Indonesia. One of them is Apple,” said head of the Indonesian Investment Coordinating Board (BKPM) Chatib Basri.

Apple planned to invest in Indonesia after Taiwan-based Foxconn Technology Group, which supplies and assembles Apple products, announced intent to relocate its plant in Indonesia, he said.

In the first phase, Apple would open brick-and-mortar stores and online stores in Jakarta, he said.

“But the company has yet to confirm how many stores it will open,” said Basri.

Azhar Lubis, deputy for investment control, BKPM, said Apple would soon set up its distribution center in Indonesia. “At present stores or resellers in Indonesia which sell Apple products must buy them from Singapore, making prices of the products sold to domestic customers relatively high,” he said.

Besides Apple, other companies that have confirmed a plan to invest in Indonesia are Lotte of South Korea, Nippon Shokubai of Japan, Middle East Coal (MEC) of Singapore, National Aluminium Company (NALCO) of India, and Huadian Power of China. 

Copyright (C) 2013 LexisNexis, a division of Reed Elsevier Inc. All Rights Reserved.

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